Seoul, March 8: South Korea's Samsung Electronics and China's Huawei Technologies have agreed to settle their two-year patent battle over wireless technology in the US, court documents showed on Friday. Huawei, the world's biggest telecom equipment maker, had in 2016 brought suits against Samsung in San Francisco and China, claiming that the South Korean company used its cellular technology without a licence.

Samsung argued that it made significant concessions to Huawei to resolve the dispute amicably, but the two failed to agree on reasonable terms, Yonhap news agency reported. In 2017, a Chinese court ordered Samsung to pay Huawei $11.6 million for patent infringements. In an electronic case filing issued by the US District Court for the Northern District of California on February 26, the world's two largest smartphone makers agreed to "complete the pending steps to finalize the settlement" within the next 30 days. Huawei Mate 30 Pro Flagship Smartphone Likely To Feature Five Rear Cameras – Report.

The intellectual property dispute that has pitted the two companies against each other illustrates the cut-throat competition under way in the wireless market. On Thursday, Huawei sued the US government challenging a recent law that bans federal agencies from buying its products. The Shenzhen-based tech firm refuted US claims that its technology poses a security threat and said the ban would ultimately harm American consumers.

(The above story first appeared on LatestLY on Mar 09, 2019 03:41 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).